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Friday, May 9, 2008

Indices Falling - Threatening Recent Support Levels

Entering the last hour of trading today, the DJIA and the S&P are falling below new horizontal support or the old horizontal resistance on the charts. Only the Nasdaq is holding above horizontal support at this moment. All four indices are still above their respective 30 DMA. Watch closely this key pivot point and trade accordingly. PCLN up $17 after positive earnings. FSLR and JASO rising. Yesterday evening I was flying east and no way to post. I will update after the close.
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2 comments:

  1. AnonymousMay 9, 2008 at 12:51 PM

    Dave:
    Appreciate all your efforts.
    Robert
    CANI

    ReplyDelete
  2. ScarMay 11, 2008 at 4:33 PM

    thank you I am glad you were flying.
    I sometimes look at the neg to quickly. Have a great weekend and week. Thank you for all of your support.

    ReplyDelete